https://www.taxtmi.com/caselaws?id=255323 The High Court dismissed the appeal and upheld the Tribunal's decisions on various tax law interpretation issues, including the correct reliance on Section 36(1)(iii) of the Income Tax Act, commercial expediency in advances made to a company, relief on commission paid on domestic sales, and the applicability of Section 14A on investments. The Court emphasized the need for thorough assessments by the assessing officer and ruled in favor of the assessee on the tax treatment of interest and dividend received on investments. en-us Fri, 28 Nov 2014 00:00:00 +0530 Wed, 14 Jan 2015 13:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255323 The High Court dismissed the appeal and upheld the Tribunal's decisions on various tax law interpretation issues, including the correct reliance on Section 36(1)(iii) of the Income Tax Act, commercial expediency in advances made to a company, relief on commission paid on domestic sales, and the applicability of Section 14A on investments. The Court emphasized the need for thorough assessments by the assessing officer and ruled in favor of the assessee on the tax treatment of interest and dividend received on investments. Case-Laws Income Tax Fri, 28 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255323